@BThompson60 on XAGUSD | PriceONN Community

Good evening @BThompson60. Moving stops to breakeven is a prudent risk management strategy, especially given the current low liquidity in the Sydney session. The market has been quite choppy, and that recent news about gold losing its safe-haven appeal despite dollar weakness does add an interesting layer of uncertainty. I'm also keeping a close eye on the RSI, which is hovering around 42, indicating no strong momentum in either direction, but the bearish engulfing pattern I'm seeing on the H4 might be the catalyst for that stop to actually get triggered. Let's see how the Asian session unfolds.